Molded plastics are products made up of thermoplastic or thermoset resins through a molding process. The molding process essentially requires a mold or cast in order to provide the plastic with a specified shape. Molded plastics find application in most sectors and daily products such as bottles, furniture, pipes, conduits, wires, cables, containers, caps, cases, and consumer products.
This report provides a detailed description of the molded plastics market in GCC based on volume share (kilo tons) and revenue (US$ Mn) from 2014 to 2023. It highlights factors contributing to growth of the market and restraints hindering the market. Detailed forecast for molded plastics from 2015 to 2023 has been provided separately for a better understanding of the market scenario. The molded plastics market is described with respect to various segments along with potential opportunities during the next six years.
The GCC molded plastics market has been segmented on the basis of raw materials into polyethylene, polypropylene, polyvinyl chloride, polystyrene, polyethylene terephthalate, and others (including Polybutylene Terephthalate (PBT)). The study provides forecasts and estimates for each raw material segment in terms of revenue and volume during the forecast period.
In terms of technology, the molded plastics market in GCC has been segmented into injection molding, blow molding, thermoforming, and others (including rotomolding and casting).
The study further segments the molded plastics market in GCC on the basis of major molded plastic products such as pipes & conduits, bottles & containers, cables & wires and others (including medical devices, automotive components, miscellaneous consumer goods, etc). It provides forecasts and estimates for each product segment in terms of revenue and volume during the forecast period. The study also analyzes market attractiveness for all products of molded plastics with the help of the market attractiveness tool. Additionally, the study segments the molded plastics market in GCC into key applications such as packaging, consumables & electronics, automotive & transportation, building & construction, and others (including, furniture, toys, etc). It includes forecasts and estimates for each application segment in terms of revenue and volume between 2014 and 2023. Each raw material, product, technology and application segment is bifurcated into individual GCC country in terms of volume and revenue from 2014 to 2023.
Growth in construction activities across the GCC and the Middle East and North Africa is anticipated to drive the molded plastics market in the region. Increase in construction activities has been ascribed to the rising industrial development and urbanization in GCC. Uncertain demand for molded plastics in Europe owing to the economic crisis is likely to hamper market growth in GCC, as Europe is one of the major buyers of molded plastics from GCC. Investments in R&D activities and expansion of the product portfolio of local players in GCC is projected to offer growth opportunities for the molded plastics market in the region.
Value chain analysis and Porter’s Five Forces Model have been presented to provide a comprehensive view of the market. These would also help understand specifics of the industry structure apart from giving an overview of degree of competitiveness. The report also includes detailed profiles of key players such as Al Barsha Plastic Product Company LLC, Zamil Plastic Products LLC, Al Watania Plastics, Genoa Plastic Industries, Obeikan Investment Group, Harwal Group, Arab Gulf Manufacturing Company, Rowad Plastics Group, and Takween Advanced Industries. A detailed description of players includes parameters such as company overview, business strategies, financial overview, upcoming facilities, mergers, acquisitions, joint ventures, new products, and recent developments.
The report segments the molded plastics market in GCC as follows: